Providing an Accurate Estimate to Clients

When you work in any sort of field where you’re working on contracts, you know that there are a lot of considerations to be made when you are providing estimates to your clients. How can you be accurate in your project estimates? Here are a few ways to make that happen.

Use an Estimate Template

When you want to provide accurate estimates, you want to have as many details as possible so your client understands what they are being charged for. You can try this template and others on the web to ensure that you are including everything. And, you can usually customize them if you want to subtract irrelevant info or add items that aren’t listed.

Request a Budget to Work Within

If you know what budget they have, it’ll make it a lot easier to put numbers together and ensure that your numbers aren’t going to be vastly different than the project that they have in mind. Knowing their budget can also help you to determine if you can provide a reasonable estimate or if you should recommend they look elsewhere.

Determine the Scope of the Project

How much will you be doing? Break it down into tasks, and then make sure that you start to look at how much time that it may take each task. Don’t be afraid to micromanage the tasks. You’d rather overestimate and pleasantly surprise them with a lower bill when the job is completed, than underestimate and end up with some problems afterwards.

There are a lot more steps that you can add to this to make things even more accurate, but we hope this article gives you a brief, helpful overview of what you’re going to need in order to stay ahead of things and ensure that you are going to be able to provide solid estimates.